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It has gotten to the point that whenever the government is giving something back to the Canadian tax payer that one should maybe read the fine print that comes with it. Whenever there are steps taken to put a few more bucks back into the pockets of the tax payer it seems like there…
Well we all knew that an election was on the horizon and it’s officially been kicked off. Now is the time that the average tax payer starts to listen to the views of those politicians that are running for office in regards to their stance on taxes. Taxes are probably the biggest bone of contention…
There certainly was a lot of hoopla made by the conservative government for the introduction of the Universal Child Care Benefit (UCCB). This week the “we did good” pot was stirred with the promoting of the $3 billion lump sum payments for this benefit. Families who were eligible should have received their first seven…
Everytime the yearly budget is released by the Government the public in general is only caught up in the big issues that the government wants to focus on. What many don’t realize is that there are tons of potential changes in the budget that go grossly unnoticed yet can play a big part in an…
In this year’s budget (2015) the government introduced a non refundable tax credit which is called the HATC (Home Accessibility Tax Credit). This pertains to expenses that can qualify for renovations to a dwelling of a person. There are three areas that need to be qualified. One is the renovation themselves, two is the dwelling,…
Of course no parent decides to bring children into their lives just because there may be some tax benefits from having kids. Also, these tax incentives for families with children should not go unclaimed. Yet in many cases some families do miss out on the potential tax credits that they are eligible for. This can…
Many couples have joint accounts. At the end of the year the interest collected on these has to be declared. A lot of people think that the name appearing on the tax slip or the social insurance number that is there, is the person who has to declare the interest. It can…
We are all familiar with the term “the rich get richer, and the poor get poorer”, and in some cases the same could be said about businesses. It always seems like the big corporations and the lending institutions like our banks who rake in a decent profit also get the best tax breaks. This…
